Everhart Financial Group Inc. Purchases 1,342 Shares of Ciena Corporation $CIEN

Everhart Financial Group Inc. lifted its position in shares of Ciena Corporation (NYSE:CIEN) by 88.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,854 shares of the communications equipment provider’s stock after buying an additional 1,342 shares during the period. Everhart Financial Group Inc.’s holdings in Ciena were worth $667,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CIEN. Vanguard Group Inc. raised its position in Ciena by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 15,088,445 shares of the communications equipment provider’s stock valued at $1,227,143,000 after buying an additional 103,199 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Ciena by 23.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,462,840 shares of the communications equipment provider’s stock worth $941,451,000 after acquiring an additional 1,219,787 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Ciena by 10.4% during the 2nd quarter. Bank of America Corp DE now owns 3,495,795 shares of the communications equipment provider’s stock worth $284,313,000 after acquiring an additional 329,821 shares in the last quarter. Lone Pine Capital LLC acquired a new stake in shares of Ciena in the third quarter valued at approximately $292,310,000. Finally, Jericho Capital Asset Management L.P. raised its holdings in shares of Ciena by 48.5% in the third quarter. Jericho Capital Asset Management L.P. now owns 1,983,000 shares of the communications equipment provider’s stock valued at $288,864,000 after purchasing an additional 648,000 shares during the last quarter. 91.99% of the stock is currently owned by institutional investors.

Ciena Trading Down 6.9%

NYSE CIEN opened at $384.29 on Friday. The company has a market cap of $54.34 billion, a PE ratio of 244.77, a PEG ratio of 1.47 and a beta of 1.08. Ciena Corporation has a 12 month low of $49.21 and a 12 month high of $419.80. The stock has a 50 day moving average of $298.77 and a 200-day moving average of $224.55. The company has a current ratio of 2.81, a quick ratio of 2.14 and a debt-to-equity ratio of 0.55.

Ciena (NYSE:CIEN) last issued its earnings results on Thursday, March 5th. The communications equipment provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.18. Ciena had a net margin of 4.47% and a return on equity of 12.09%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the company earned $0.64 earnings per share. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, equities research analysts anticipate that Ciena Corporation will post 1.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CIEN has been the subject of several recent research reports. Bank of America upgraded shares of Ciena from a “neutral” rating to a “buy” rating and increased their target price for the stock from $260.00 to $355.00 in a report on Friday, March 6th. B. Riley Financial lifted their price target on shares of Ciena from $222.00 to $283.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Northland Securities set a $190.00 price target on shares of Ciena and gave the stock a “market perform” rating in a research report on Friday, December 12th. Evercore set a $330.00 price objective on shares of Ciena in a research note on Thursday, February 19th. Finally, Argus raised their price objective on Ciena from $135.00 to $280.00 and gave the company a “buy” rating in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $320.65.

Insider Activity

In related news, CEO Gary B. Smith sold 83,552 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $229.44, for a total value of $19,170,170.88. Following the completion of the sale, the chief executive officer directly owned 307,885 shares in the company, valued at approximately $70,641,134.40. This trade represents a 21.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Joseph Cumello sold 11,929 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $229.82, for a total value of $2,741,522.78. Following the transaction, the senior vice president directly owned 49,475 shares in the company, valued at approximately $11,370,344.50. This trade represents a 19.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 150,083 shares of company stock valued at $35,960,019 over the last quarter. 0.58% of the stock is currently owned by company insiders.

Ciena News Summary

Here are the key news stories impacting Ciena this week:

• Positive Sentiment: Record subsea demo with Meta validates Ciena’s optical leadership and supports long‑term revenue opportunities from hyperscalers and subsea operators. Ciena and Meta claim record-breaking subsea transmission speed
• Positive Sentiment: Commercial win: TIME dotCom is deploying a 1 Tb/s Pacific route using Ciena gear — a conversion of lab/PR wins into paying customer revenue. TIME dotCom offers 1 Tb/s data transmission across the Pacific with Ciena
• Positive Sentiment: Service‑provider revenue and order momentum tied to MOFN demand underpin the company’s growth narrative and help justify analyst upgrades and higher price targets. Ciena’s Service Provider Revenues Rise on MOFN Tailwinds
• Neutral Sentiment: Analyst coverage has been upgraded and targets raised recently (UBS, Needham, BofA among others), which supports a constructive medium‑term view but also concentrates expectations into the stock price. CIEN price & analyst coverage
• Neutral Sentiment: Industry visibility from conferences (OFC) and media pieces boosts awareness but is informational rather than an immediate revenue driver. Ciena Presents at OFC 2026
• Negative Sentiment: Macro/market selloff: rising rates and a tech‑led pullback (Nasdaq weakness, large cap tech volatility) pushed momentum names lower today and amplified profit‑taking after CIEN’s recent run. Stock market today: Nasdaq feels pain as rates surge; Super Micro craters, Ciena touches a high (live coverage)
• Negative Sentiment: Insider selling: CEO Gary Smith disclosed a ~2,952‑share sale (~$1.06M). Small relative to his holdings but can stoke short‑term caution among some investors. SEC filing: CEO stock sale

About Ciena

Ciena Corporation (NYSE: CIEN) is a global supplier of telecommunications networking equipment, software and services. The company develops high-capacity optical transport systems and packet-optical platforms that enable service providers, cloud operators and large enterprises to build, manage and scale their networks. Ciena’s product portfolio includes coherent optical solutions, packet networking platforms and a suite of network automation software designed to optimize bandwidth, reduce latency and simplify network operations.

In addition to hardware offerings, Ciena provides professional services and support, including network design, implementation and ongoing maintenance.